Amount lost each year through global illicit outflows
Amount of Official Development Assistance (ODA) money donated by OECD countries each year
Amount of Official Development Assistance (ODA) money lost each year
Amount of UK Social Welfare lost each year through inefficiencies
AID:Tech Brings Social & Financial Inclusion to the World's Underserved Population Through Digital Identity
AID:Tech As Featured In:
HandsOn TV Startup Tour Europe Winner 2016
IBM SmartCamp Winner 2016
MassChallenge UK Winner 2016
Banque Du Liban Accelerate Winner 2016
European Commission Social Innovation Competition Finalist 2016
Irish Times 2016 Innovation Awards Finalist
Digital Top 50 Finalist
Irish Tech News FinTech 20 Winner
The Europas 2016 Shortlisted Company – Best Humanitarian Tech of The Year
IBM Global Entrepreneur
DIT UK Global Entrepreneur
Increasing Transparency, Accountability and Efficiency
Transforming Syrian Refugees Lives in Lebanon - December 2015
AID:Tech partnered With an International Aid Agency To Deliver $10,000 From Private Donor’s To Syrian Refugees
AID:Tech Digital Identity
AID:Tech harnesses the power of blockchain technology to issue Digital Identities in a quick and efficient manner.
Our Digital Identity can be securely assigned to beneficiaries so that they can access services not previously available to them. By providing Beneficiaries with a Digital Identity based on blockchain, all transactions can be securely stored on a distributed ledger in real-time.
Services such as electronic cash, donations, remittances, microinsurance, micro pensions and social services can be obtained using Digital Identity completely transparently.
Digital Identity Example
Our Digital Identity is designed to be managed remotely; including real-time monitoring and top-ups.
We’re working with superstars from AID:Tech to design a proof of concept for remittance transfers over blockchain that would be cheaper (in looking to cut out an intermediary a la Western Union) and targeted towards specific needs. Think using remittances to pay energy or phone bills and purchase food.
AID:Tech is an example of cutting edge technology delivering tangible solutions to real problems: providing security, traceability and scalability of payments in places and markets traditional banks and payments providers can’t reach and won’t cover. AID:Tech helps the world’s charities and aid agencies to deliver life-saving resources to those in real need. In doing so, it also builds a platform for sustainable, socially progressive finance.
We partnered with AID:Tech on their recent pilot project to Lebanon and we were able to view every transaction in real-time. We see great potential for their technology and are currently exploring a number of options with them. This is a very innovative solution that will have potential both at home and overseas
The Dock, Tobacco Quay, Wapping Lane, London, E1W 2SF, United Kingdom
The Digital Hub, Roe Lane, Dublin 8, Ireland